-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Mp23pxoIK0zXOM7krzpnTFiP86ohL3tGtZ8TVVcvCKCEpyiaA5XCniDyGUIYfsvr E3P1BX7w62iacRHDiK4IgQ== /in/edgar/work/20000627/0001017062-00-001434/0001017062-00-001434.txt : 20000920 0001017062-00-001434.hdr.sgml : 20000920 ACCESSION NUMBER: 0001017062-00-001434 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000616 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000627 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LIFE FINANCIAL CORP CENTRAL INDEX KEY: 0001028918 STANDARD INDUSTRIAL CLASSIFICATION: [6035 ] IRS NUMBER: 330743196 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-22193 FILM NUMBER: 661680 BUSINESS ADDRESS: STREET 1: 10540 N MAGNOLIA ACE STREET 2: UNIT B CITY: RIVERSIDE STATE: CA ZIP: 92503 BUSINESS PHONE: 9096374000 MAIL ADDRESS: STREET 1: 1598 EAST HIGHLAND AVENUE CITY: SAN BERNADINO STATE: CA ZIP: 92404 8-K 1 0001.txt CURRENT REPORT ON FORM 8-K SECURITIES AND EXCHANGE COMISSION WASHINGTON, D.C. 20549 FORM 8-K Pursuant to Section 13 or 15(D) of The Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported) June 16, 2000 LIFE FINANCIAL CORPORATION (Exact Name of Registrant as Specified in Charter) DELAWARE 0-22193 33-0743195 (State or Other Jurisdiction (Commission File No.) (IRS Employer of Incorporation) Identification No.) 10540 Magnolia Avenue, Suite B, Riverside CA 92503-1814 (Address of Principal Executive Office) (Zip Code) (909) 637-4000 (Registrant's Telephone Number, Including Area Code) - -------------------------------------------------------------------------------- ITEM 5. OTHER EVENTS On June 16, 2000 Life Financial Corporation's principal subsidiary, Life Bank (the "Bank"), received written notice from the Office of Thrift Supervision (the "OTS") that the OTS considers the Bank, based upon the Bank's average assets capital calculation for the first quarter of 2000, to be "undercapitalized" as of March 31, 2000. Specifically, the Bank's risk-based capital ratio was 7.87% based upon its average assets during the first quarter of 2000 which is 0.13% below the 8% required to be considered "adequately capitalized." The ratios are calculated by dividing the amount of the Bank's regulatory capital by its risk-weighted assets. The Bank's risk-based capital ratios based on both its assets at the end of the relevant period and its average assets during the relevant period and the ratios required to be "adequately capitalized" are set forth in Life Financial Corporation's Form 8-K filed June 9, 2000. ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Statements of business acquired Not Applicable (b) Proforma Financial Information Not Applicable (c) Exhibits Not Applicable SIGNATURE --------- Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. LIFE FINANCIAL CORPORATION By: /s/ Robert K. Riley --------------------------- Robert K. Riley President and Chief Executive Officer June 27, 2000 -2- -----END PRIVACY-ENHANCED MESSAGE-----